Stock market analyst Rahul Mohinder is of the view that investors can 'buy' Larsen & Toubro Ltd (L&T) stock with short term target of Rs 1610.

According to analyst, the investors can buy the stock with a stoploss of Rs1540.

Today, the stock opened at Rs 1574 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1800 and a low of Rs 1266 on BSE.

Current EPS & P/E ratio stood at 52.56 and 30.06 respectively.

Bettered margins and a surge in order execution helped Larsen & Toubro (L&T) to maintain better growth in the fourth quarter of 2009-10.

The company's net profit during the quarter jumped 44% to Rs 1,438 crore as against Rs 998.52 crore in the corresponding quarter of 2009.

L&T's net sales during the quarter surged 28% at Rs 13,375 crore from Rs 10,469 crore in 2009.

The company's operating profit stood at Rs 1,934.54 crore and operating margins remained at 15.3%.

Because of significantly improved recital during the quarter, the company's net profit for 2009-10 increased by 26% to Rs 4,376 crore (Rs 3,482 crore) on 11% higher sales of Rs 36,675.15 crore.

For the next fiscal, L&T is eyeing a sales growth and order guidance of 20% and 25%, respectively.

Mr. YM Deosthalee, Whole-time Director and CFO, Larsen & Toubro, stated that the 20% guidance is based on current expectations.

Mr. Deosthalee anticipates big orders from different segments like infrastructure and oil & power.